SENS

24-06-2014

Tongaat Hulett – Granting of rights to participate in Share Incentive Plans


Tongaat Hulett Limited

Registration number (1892/000610/06)

Share code: TON

ISIN ZAE000096541

Tongaat Hulett – Granting of rights to participate in Share Incentive Plans

Executive Directors and the Company Secretary have been granted rights to participate in the Company’s share incentive plans as follows:                 

Long term incentive plan awards, which are subject to performance conditions and vest after three years.

Executive Directors:

P H Staude                               49,144 conditional awards

M H Munro                                20,420 conditional awards

Company Secretary:

M A Mahlari                                4,659 conditional awards

Share appreciation rights, which are subject to performance conditions and vest after three years, with a grant date of 26 May 2014, at a grant price of R121,93.

Executive Directors:

P H Staude                               115,081 rights

M H Munro                                47,818 rights

Company Secretary:

M A Mahlari                            11,357 rights

The effective date of the above transactions was 23 June 2014, approval for the individual allocations has been given.

23 June 2014

Tongaat

Sponsor: Investec Bank limited